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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Oak Point at 201 Savannah Ln, Oak Point, TX, 75068 priced at $500,000 converts $2,640/mo rent into after a $2,447/mo obligation. Total monthly income equals $2,640/mo. Return on cash invested prints 10.93% in year one, and rental yield reads 6.34% against a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,141 by year five. Five-year ROI reaches 56.74% and total cumulative return in cash sums $94,052. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 2020
6,011 sqft lot
$N/A/sqft
$1,250 annually HOA
Neighborhood data shown for ZIP Code: 75068, Little Elm, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,344 (100%) |
| Owner Occupied HU | 19,896 (70.2%) |
| Renter Occupied HU | 7,131 (25.2%) |
| Vacant Housing Units | 1,317 ( 4.6%) |
| Median Home Value | $446,062 |
| Average Home Value | $489,072 |
Residential
25,689
Single Family
23,486
Multi-Family
2,203
Businesses
723
Date | Event | Price |
|---|---|---|
| 2024-10-07 | Listed for sale | $500,000 |
| 2024-10-01 | Contingent | $500,000 |
| 2024-09-25 | Price change | $500,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $10953.32 | -7.53% | $548,474 | 9.34% |
| 2022-10-18 | $11844.86 | 136.65% | $501,640 | 259.13% |
| 2021-10-18 | $5005.22 | 29.10% | $139,683 | 142.58% |
Listed by: Paulette Greene • Ebby Halliday, REALTORS
Mls Name: NTREIS
Mls ID: #20706491
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
